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20140426
20140504
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has put up for sale and includes other allergy medication such as claritin. reports say germany's buyer is closing in on a deal to buy the unit for about $14 billion. on wednesday, another possible bidder, said it was no longer in the running. they could announce the transaction in the next few days. shares in frankfurt at this hour, they're trading up, a bit over 1% at the moment. back to you. >> bertha, thanks for that. good to see you. >> you, too. >> thank you. >>> in earnings news, linkedin reported a net loss. excluding items, the professional social networking site beat analyst forecasts as revenue rose 46%. membership rose 7%, the same growth rate as the fourth quarter. linkedin is forecasting full-year revenue growth below analyst estimates. shares in linkedin today currently up, 4% in frankfurt. they were down heavily after hours in the united states. >>> kraft foods has reported higher first quarter profits helped by cost cuts and moves to manage prices for key ingredients. revenue fell which missed analysts forecasts. kraft will be raising prices for nearly half of i
. very different in structures like germany and france. doesn't belong in the sing currency in my opinion. whether it joined the european union is the question. there's plenty to game. membership in the single market, it's a huge positive, particularly when you open up markets with trade and investment. that's been the anchor for growth in places like poland and the czech republic. the institutional reforms that need to join the european union are important. these are countries that net beneficiaries in a fiscal sense. they have huge structural funds flowing to these countries in order to facilitate the catch up growth. >> the new members of the eu, how long before they join the euro? because it's implied that when you join the eu now, you also at some point will enter single currency. >> the uk has an appetite. the new members don't. so it is implicit within the terms of the succession that they will at some point -- yet to be determined -- join a single currency. that's the key point, the events of the past two or three years has an appetite for entry into the single currency. czech, hu
recycling plant as well in germany. where does this leave the aluminum sector now? the prices are almost half in 2008. we have massive overproduction. >> we believe that -- actually we use the word cautiously optimistic now. what we see for the better part of 2014 and also into '14 is that we see aluminum demand outpacing aluminum production for quite some time now, which is a new situation we haven't seen for quite some time. with that being said, i think it is important to note that we do have a huge inventory and the industry is such that we'll have to come to the market at some point in time. just the fact that production is now lower than demand is a good situation for the industry. >> i suppose this is about demand outside china. how much does china impact, when you talk about demand outside china, talk about demand inside china. >> we believe china will be self-sufficient on primary production. we have said that for quite some time. we believe the industry very much concurs with that. we saw china back within we had the financial crisis quickly adapting to lower demand in their co
's stronger than what france can do. it means that europe must have a strong growth everywhere, in germany, spain, uk, to go to converge to this target. >> do you think the french economy would be able to benefit from the growth from other countries? >> that's one of the targets of the plan is to say we tried to improve the company's situation and in that case, it will be both to capture the eurozone trajectory. that's the target of the government. >> phillip, when we tried to reform the french economy, there's always something funny or perhaps even worrying. the best reform in france is always the one that is not impacting myself. so french people are reluctant of the impact of the reform. >> it's mostly everywhere always the same thing. it's always better when your neighbor is changing its mind in this situation. what we see and what is important currently in france is that gdp per capita growth, it means that what you earn is what i lost. there's one winner, one loser. and that's why it's practically difficult at this moment of the cycle. that's why manuel vass ask ed, o try to make thi
. a big move in astra's shares, one of the top on the ftse, 14%. pfizer a slight bit higher in germany today. katherine boil is joining us with more on that. there's been a lot of discussion behind the scenes, is the next offer going to be a hostile one? >> well, it looks like pfizer is very much taking that tone with the statement today saying they made a couple of efforts to engage with astrazeneca management and they are not engaging back and are going directly to shareholders. what we have to see next is how much of a sweetener they are coming back for the shareholders because actually, if you look at astrazeneca shares today, they are trading close to the initial offer price made back in january. so pfizer definitely is going to have to add a little bit more to that to see shareholders really respond. >> no doubt the hedge funds are snipping around this deal already, but when we talk about the hostile approach, these are much more difficult to get across. but you have a backdrop where big farmer is on the move with the hallowed activity out there. do you think it's us is taped for
Search Results 0 to 4 of about 5